ICE Bonds Completes Integration with BlackRock’s Aladdin to Offer Fixed Income Portfolio Auction Functionality to Investm...
February 13 2020 - 3:00PM
Business Wire
Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator
of global exchanges and clearing houses and provider of data and
listings services, today announced that ICE Bonds has completed its
integration with BlackRock’s Aladdin, offering access to ICE Bonds’
Portfolio Auction functionality, an automated execution protocol
for portfolio trading. Aladdin is a premier portfolio management
system for investment managers that combines sophisticated risk
analytics with comprehensive trading and position monitoring
tools.
ICE Bonds’ Portfolio Auction allows investment managers the
ability to auction a portfolio of bonds on an all-or-nothing basis
to one or multiple platform participants in a discrete,
pre-determined period of time. Portfolios may consist of any number
of individual bonds and may be all buys or all sells or a
combination of both. Portfolio Auction offers two distinct trading
session formats, At-the-Market or At-the-Close, giving investment
managers the ability to leverage either ICE Data Services’
Continuous Evaluated Pricing (CEP) or End-of-Day Evaluations. By
connecting with Blackrock’s Aladdin, investment managers can now
seamlessly access and execute orders using the ICE Bonds Portfolio
Auction, reducing operational risk and increasing workflow
efficiencies.
“In the past, portfolio trading has largely been a manual
process, with no standardization, which is time consuming for all
participants. By bringing this protocol together with our ICE Data
Services’ Continuous Evaluated Prices, portfolio managers can
execute as close as possible to NAV prices, significantly reducing
tracking errors against benchmarks,” said Marshall Nicholson,
President of ICE Bonds. “The addition of this auction protocol to
ICE Bonds’ existing RFQ and Central Order Book protocols will give
traders a more efficient method to buy or sell a basket of bonds,
which compliments the workflow of the ICE ETF Hub, our innovative,
open architecture solution supporting the primary market for ETF
trading.”
ICE Bonds offers trading solutions for Corporates, Municipals,
Treasuries, Agencies, Structured Products and Certificates of
Deposit. Customers can also leverage the continuous and end-of-day
fixed income pricing and analytics offered by ICE Data Services,
which is already available to customers over Aladdin.
About Intercontinental Exchange
Intercontinental Exchange (NYSE: ICE) is a Fortune 500 company
formed in the year 2000 to modernize markets. ICE serves customers
by operating the exchanges, clearing houses and information
services they rely upon to invest, trade and manage risk across
global financial and commodity markets. A leader in market data,
ICE Data Services serves the information and connectivity needs
across virtually all asset classes. As the parent company of the
New York Stock Exchange, the company is the premier venue for
raising capital in the world, driving economic growth and
transforming markets.
Trademarks of ICE and/or its affiliates include Intercontinental
Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.
Information regarding additional trademarks and intellectual
property rights of Intercontinental Exchange, Inc. and/or its
affiliates is located at
http://www.intercontinentalexchange.com/terms-of-use. Key
Information Documents for certain products covered by the EU
Packaged Retail and Insurance-based Investment Products Regulation
can be accessed on the relevant exchange website under the heading
“Key Information Documents (KIDS).”
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995 -- Statements in this press release regarding
ICE's business that are not historical facts are "forward-looking
statements" that involve risks and uncertainties. For a discussion
of additional risks and uncertainties, which could cause actual
results to differ from those contained in the forward-looking
statements, see ICE's Securities and Exchange Commission (SEC)
filings, including, but not limited to, the risk factors in ICE's
Annual Report on Form 10-K for the year ended December 31, 2019, as
filed with the SEC on February 6, 2020.
About ICE Bonds
“ICE Bonds” is a marketing name used to describe
Intercontinental Exchange, Inc.’s (ICE) Fixed Income offering, to
include execution services and ETF related services. The Portfolio
Auction service is offered by Creditex Securities Corporation, a
U.S. Securities and Exchange Commission registered Broker-Dealer, a
member of the Financial Industry Regulatory Authority and a member
of the Municipal Securities Rulemaking Board.
ICE- CORP
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version on businesswire.com: https://www.businesswire.com/news/home/20200213005837/en/
ICE Media Contact: Damon Leavell Damon.Leavell@theice.com
212-323-8587 ICE Investor Contact: Warren Gardiner
Warren.Gardiner@theice.com 770-835-0114
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